VC fund Yali Capital closes first deeptech fund at Rs 893 crore; exceeds target

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Deeptech-focussed venture capital fund Yali Capital on Friday announced the final close of its maiden fund at Rs 893 crore (around $104 million).

The fund, launched in July last year, has exceeded the target corpus of Rs 810 crore, which included a greenshoe option of Rs 310 crore. This is a provision that allows a fund to raise more capital than originally targeted in case of higher-than-expected demand.

Through this fund, Yali plans to invest across early- and late-stage companies with a focus on deeptech sectors, including semiconductors,



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VC fund Yali Capital closes first deeptech fund at Rs 893 crore; exceeds target



Deeptech-focussed venture capital fund Yali Capital on Friday announced the final close of its maiden fund at Rs 893 crore (around $104 million).

The fund, launched in July last year, has exceeded the target corpus of Rs 810 crore, which included a greenshoe option of Rs 310 crore. This is a provision that allows a fund to raise more capital than originally targeted in case of higher-than-expected demand.

Through this fund, Yali plans to invest across early- and late-stage companies with a focus on deeptech sectors, including semiconductors,



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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